138 N Main ST, Janesville, MN 56048
$489,900
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0.28 Acres Lot
Active

138 N Main ST Janesville, MN 56048

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Team Steady

Team Steady

+1(952) 607-7436

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Original Plat/Janesville Minn

MLS Listing ID 7059604

Year Built 1900

Annual Tax Amount $4,434

Tax Year 2026

Contingent None

Lot Size 0.282 Acres

Lot Dimensions 45x40

Property Description

Strong mixed-use investment opportunity in the heart of downtown Janesville. This iconic 1900s building offers a stabilized asset with improved tenancy, renovated apartment units, and a long-term State Farm commercial tenant in place. The property includes 7 apartment units and 3 commercial suites. Major capital improvements and deferred maintenance items have already been addressed, including more than $70,000 in RTU upgrades, creating a near-turnkey investment opportunity with reduced near-term capital needs. The property currently generates $6,324 per month in rental income, with additional upside through two vacant office suites. The lower level provides 2,500+ sq. ft. of additional space for storage, future tenant use, or other income-producing possibities, offering further value-add potential for an investor

Location

State MN

County Waseca

Zoning Business/Commercial

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features Unassigned

Utilities Available Electric Common, Heating Common, Hot Water Common

Present Use Beauty/Barber Shop,Commercial,Professional Service,Residential

Building

Lot Description Corner Lot

Foundation 4383

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Janesville-Waldorf-Pemberton

Listed by Dylan Maitland • RE/MAX Results

NEARBY SCHOOL & BUSINESS

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Team Steady

Team Steady

+1(952) 607-7436

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138 N Main ST

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